Judicial Decision Analysis on the Debt Restructuring of Inc. Insurance Jiwasraya (Case Study of Verdict No. 170/Pdt.Sus-Pkpu/2021/Pn Jkt.Pst)
Journal Title: International Journal of Social Science And Human Research - Year 2024, Vol 7, Issue 06
Abstract
Insurance is one way of anticipating risk. Insurance function is ensures risks. However, sometimes insurance companies fail to pay so they cannot fulfill their ability to pay their debts to the policy owner, as experienced by Inc. Insurance Jiwasraya. This legal research aims to determine the arrangements for payment of insurance companies debts to insurance policy holders in Delaying Debt Payment Obligations.The Method used in this legal research is a normative juridical approach. The technique of data collection is done by library research. From the results of the research conducted, it was found that debt restructuring arrangements are regulated in Article 222-294 of Law No.37 of 2004 concerning Bankruptcy and Suspension of Payment but are not regulated in detail. The settlement through this Suspension of Payment is discussing the peace plan with a debt restructuring pattern, one of which can be done by rescheduling or reconditioning.
Authors and Affiliations
Rizqi Yusuf Akbari, Bambang Eko Turisno
Keywords
Related Articles
- EP ID EP738105
- DOI 10.47191/ijsshr/v7-i06-81
- Views 50
- Downloads 0
Programme Planning in Adult Inmates Correctional Education for Sustainable Community Development in Nigeria
This paper examined the need for programme planning in adult inmates’ correctional education for sustainable community development in Nigeria. The paper also, made a conceptual clarifications of various terms attached to...
Foreshadowing Palamon’s Triumph and Arcite’s Defeat in Their Rivalry for Emily: An Exploration of Geoffrey Chaucer’s Knight’s Tale
This article explores words and actions that foreshadow Palamon’s triumph and Arcite’s defeat in their rivalry for Emily in Geoffrey Chaucer’s ‘Knight’s Tale’. In fact, in accordance with Gustav Freytag’s pyramid about t...
Corporate Governance Mechanisms and Non Performing Loans of Publicly Listed Deposit Money Banks in Nigeria
The study examined corporate governance mechanism and non performing loans of publicly listed deposit money banks in Nigeria ... Four governance mechanisms were used such as board size, gender diversity, independence and...
Reconstruction of Regulations on the Role and Duties of the Police in Law Enforcement by the Task Force for Eradicating Illegal Levies in Indonesia
Illegal levies occur not only in the bureaucratic environment, in the executive, judiciary, and legislative institutions, but also in the private sector, the business world and other community institutions. The purpose o...
Community-Based Radio towards Effective Girl-Child Education in Kumbungu District
Girl-child is a biological female offspring from birth to eighteen (18) years of (Offorma, 2009). Girls’ education is also about ensuring that girls learn and feel safe while in school; complete all levels of education w...